This property looks like a bad Long-Term investment with a projected -13.93% first-year return on $82,005 initial cash invested.
-13.93%
Cash On Cash
3.83%
Cap Rate
0.6
DSCR
$2,150
Rent
-$952
Cashflow
Cash Flow
$2,150 income − $3,102 expenses = $952 out of pocket
Investment Breakdown
|
Purchase Price
$391k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$82,005
Downpayment
20%
$78,100
Closing costs
1%
$3,905
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,150
Total Expenses
$3,102
Mortgage P&I
97%
$2,090
Property Taxes
15%
$330
Home Insurance
6%
$122
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0